Raghunandan Money – Investment Khushiyon Ka.

EQUITY MARKET (02nd Nov 2026)

By: Naresh Sharma | Date : Nov 2, 26

FII/FPI & DII trading activity on NSE, BSE, and MSEI in Capital Market Segment 30 Oct 2026

Category Value
FII/FPI+3,598.54Cr
DII -817.51Cr
INDIA VIX 15.63(+2.16%)

As of 10:10(IST)

NSE ADVANCE/DECLINE: 

ADVANCE2201
DECLINE892

As of 10:11(IST)

POST MARKET UPDATE:

Nifty 5023440.8(1.68%)Nifty Bank55002.2(0.58%)
Sensex75692.78(1.66%)India Vix15.5(1.29%)
Nifty50 GainersNifty50 Losers
RELIANCE11.60%INFY-2.03%
TATASTEEL5.83%ICICIBANK-0.76%
JSWSTEEL5.13%DRREDDY-0.74%
SHRIRAMFIN4.88%KOTAKBANK-0.70%
COALINDIA4.88%AXISBANK-0.66%

Equity Market Technical Analysis Snapshot: Nov 02nd, 2026

NIFTY50:

Nifty opened with a strong gap-up near 23,222.30 and witnessed sustained buying interest during the session. The index initially advanced to an intraday high of 23,360.50, followed by some profit booking from higher levels, which pushed it down to an intraday low of 23,207.05. However, buying momentum strengthened again, and the index settled at a fresh intraday high of 23,440.80, registering a strong gain of 1.68%. The overall trend remains bullish, although profit booking at higher levels cannot be ruled out. Resistance is placed at 23,550 and 23,700, while support is seen at 23,250 and 23,100. The index continues to trade below its 200-DMA but has moved above its 11-DMA and 30-DMA, with the 11-DMA crossing above the 30-DMA, indicating an improvement in short-term momentum. RSI at 61.03 reflects strengthening bullish momentum. A sustained move above 23,550 could open the door for further upside towards 23,700, while a decline below 23,250 may invite profit booking.

BANKNIFTY:

Bank Nifty opened around 54,837.20 and initially traded sideways, advancing to an intraday high of 55,046.35. However, the index failed to sustain at higher levels and breached its trading range on the downside, declining to an intraday low of approximately 54,582. It subsequently recovered and settled around 55,002.20, gaining 0.58%. The 55,000 level remains an important psychological and pivot level for the index. The overall trend is sideways to bullish, with resistance placed at 55,300 and 56,000, while support is seen at 54,500 and 53,700. The index is trading below its 30-DMA and 200-DMA but remains above its 11-DMA, indicating a mixed technical structure with some improvement in short-term momentum. RSI at 48.46 reflects neutral to mildly subdued momentum. A sustained move above 55,300 could strengthen the bullish bias, while a break below 54,500 may increase selling pressure.

INDICESSUPPORTRESISTANCETREND
NIFTY502210023550Bullish
BANK NIFTY5450055300Sideways to Bullish

NIFTY MID SELECT:

Nifty Mid Select opened with a gap-up near 13,256.10 and initially declined to an intraday low of 13,229.10. The index witnessed strong buying interest thereafter, rallying to an intraday high of 13,399.80 before settling around 13,366.70, registering a gain of 1.38%. The overall trend remains sideways to bullish, with resistance placed at 13,400 and 13,500, while support is seen at 13,200 and 13,050. The index continues to trade below its 30-DMA and 200-DMA but remains above its 11-DMA, indicating improving short-term momentum while the broader trend still requires confirmation. RSI at 42.09 reflects relatively weak momentum despite the positive session. A sustained move above 13,400 could support further upside towards 13,500, while a decline below 13,200 may lead to renewed selling pressure.

NIFTY OIL & GAS:

Nifty Oil & Gas opened with a strong gap-up near 10,530.95 and witnessed sustained buying interest throughout the session. The index continued its upward momentum, touching an intraday high of 10,918.90 before settling near 10,916.30, registering a sharp gain of 5.95%. The overall trend remains bullish, with support placed at 10,600 and 10,400, while resistance is seen at 11,050 and 11,250. The index is trading above its 11-DMA and 30-DMA but remains below its 200-DMA, indicating strong short-term momentum while the longer-term trend still requires confirmation. RSI at 60.89 reflects healthy bullish momentum. A sustained move above 11,050 could pave the way for further upside towards 11,250, while a decline below 10,600 may trigger some profit booking.

INDICESSUPPORTRESISTANCETREND
NIFTY MID CAP SELECT1320013500Sideways to Bullish
NIFTY OIL & GAS1040011250Bullish

Pivot Table:

PRODUCTS3S2S1PIVOTR1R2R3
NIFTY5023051231292328523363235192359723752
BANKNIFTY54243544135470754877551725534155636
FINNIFTY24551246212476024829249692503825178
MIDCPNIFTY13093131611326413332134351350313605
NIFTYNXT5067288676266829468633693016963970308

FII/FPI & DII trading activity on NSE, BSE, and MSEI in Capital Market Segment 02nd Nov 2026

Category Value
FII/FPI+3,114.68Cr
DII -392.20Cr

Disclaimer:

Investment in securities markets is subject to market risks. Please read all related documents carefully before investing. (Our SEBI Reg. No. INH000010335)

AI Usage Disclosure: Artificial Intelligence (AI) tools were utilized exclusively for document formatting, structural layout, and presentation refinement.
All underlying research, financial analysis, forecasts, and investment recommendations are fully independent and conducted solely by the analyst(s).

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